MEN ENTERPRISE LOAN
Individual men aged above 35 years – 75 years who want to venture into a business or are already in a business.
Group Application Requirements
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National IDs for all members
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Group constitution
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Cross-guarantorship
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Business profile for existing enterprises/business plans for start-ups
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Bank statement for existing business
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Identification letter from Village Head or local leader in an urban location
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Sketch Map to meeting place and residence of leadership (Chairman, Secretary and Treasury)
individual Application Requirements
National IDs
Sketch Map of residence and business premises residence
Business profile for existing enterprises/business plans for start-ups
Bank statement for existing business
Letter of personal guarantor
Passport Size Photo (Colour)
Police clearance report
Identification letter from Village Head or local leader in an urban location
Consent from spouse
THRESHOLD
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GROUP: K500,000 to K30,000,000 •1st Time borrower K500,000 to K10,000,000 •2nd Time borrower K10,000,001 to K20,000,000 •3rd Time borrower K20,000,001 to K30,000,000
TARIFFS AND INTERESTS
Processing fee: 3.5%
Insurance:1%
Interest: 4.0% pm
REPAYMENT PERIOD
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6 to 24 months Minimum Grace period of 1 month may be granted
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